The People’s Bank of China (PBOC) held a conference in Yangzhou city Thursday discussing fintech and market regulations. “Going forward, we will give our priority to go digital by build a talent pool on digital currency-related technologies. We will work to improve our work conc...
Zhou Xiaochuan, the governor of PBoC was cited at the Boao Forum, an important annual conference held in Hainan province. “If everyone is holding cash, even negative interest rates policy is not able to stimulate the economy. With the popularity of digital currency, cash usage will...
Following the emails(unconfirmed) in which Huobi detailed the information required from clients in order to process their withdrawals, Huobi’s BitVC released an announcement asking clients to convert their fiat asset into bitcoin or litecoin and return margin before 12:00 April 1st. Bi...
On February 8th, two of China’s most widely used bitcoin exchanges announced that they would suspend bitcoin withdrawals for a month while implementing anti-money laundering rules. Bitcoin investors waited anxiously for a month, and all they get is this: “In order to strictl...
March 8th, 4:00 pm Beijing time, Okcoin,Huobi and BTCC have just issued an announcement simultaneously saying that Bitcoin withdrawal is still not available as the updates of the system to meet the demands of related laws are still underway, one month after the big three exchanges that the...
When the PBoC’s digital currency that will conform to the existing central - commercial bank arrangement is out later this spring, it would have an impact on the use and price of Bitcoin which BTCC’s co-founder Bobby Lee recently tipped would be worth between USD$5,000 and USD$11,...
On 8th Feb 2017, a closed-door meeting was held in Beijing with PBOC officials and heads of 9 Beijing-based bitcoin exchanges. These 9 exchanges are Chbtc, Btctrade, Haobtc, Yunbi, Yuanbao, BTC100, Jubi, Bitbay and Dahonghuo. PBOC reiterated the regulatory requirements: ...
As global efforts to bring clarity to the understanding of how the Blockchain technology works continue, Hong Kong-listed fintech company Credit China Fintech Holdings has just set up a joint venture with the Bitfury Group to promote the technology in China. The US$30 million deal...
Following the commencement of the move to start charging transaction fees by China’s BTCC, OKcoin and Huobi on Tuesday January in response to PBoC’s requirement to eliminate margin trading service, Bitcoin trading volume in Chinese yuan has dropped to its lowest for the year. A...
As Chinese exchanges will begin to charge service fees for transactions on their platforms starting Tuesday January 24, they seem to have devised a way to split Bitcoin into a more usable form associating its divisibility with the parity it has with fiat money. The move to charge both mar...
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